The US struck military targets in Iran after the country fired on three Navy destroyers sailing in the Strait of Hormuz, an escalation that threatened to fracture a fragile ceasefire and reignite hostilities even as the two sides say they’re discussing an end to the war. Also on the show: stocks pulled back, oil rose on escalating tensions; Trump-Xi summit stays on track despite China’s Iran concerns; Saudi Arabia sees $10 billion lift from joining bond indexes; Starmer awaits fate in crucial